Let me talk about my experiences and insights. Like everyone else, I also come from a rural area and changed my fate through the cryptocurrency circle, turning 100,000 into what I consider financial freedom, around 37 million.
After just graduating from university, I worked in a state-owned enterprise, earning over 5,000 each month. Later, I accidentally came into contact with cryptocurrency contracts, tried it myself, and ended up losing a lot! I was also in debt for 100,000, feeling very desperate...
Later, I constantly added community teachers and seniors, joined one group after another, and started learning, settling, and improving my understanding. Combining the knowledge I learned with practical operations, after experiencing two bull markets, my assets reached eight figures in 2024. Today, I will share some personal experiences here:
Most people in the cryptocurrency circle are short-term traders. When trading, it's hard to persist until the ideal closing point, and they are also not very proficient in position control, nor can they rely on fluctuations to average prices. Given this situation, for most traders, a good entry price is worth everything.
Once there is profit, take some off the table to secure it, and set the remaining part to stop loss at the cost price. This is something I have always emphasized in my community.
The essence of contract trading strategies.
(1) Identify the main trend and trade in the direction of the main trend; otherwise, do not enter.
(2) If you are trading with the trend, entry point:
1. The new breakthrough point of the trend;
2. The breakthrough point of horizontal consolidation trending in a certain direction;
3. Pullback points in an uptrend or rebound points in a downtrend.
(3) Acting in accordance with the trend can bring you substantial profits; do not exit early;
(4) If the entry conforms to the larger trend, and the on-paper profit proves you are correct, you can perform pyramid-style technical scaling; (refer to (2))
(5) Maintain the position until the trend reverses and close the position.
(6) If the market trend is contrary to your entry, stop loss and run quickly.
In addition to adhering to the above strategies, remember three qualities: discipline, discipline, and discipline!
The way of trading is to accumulate little by little, compounding is king. If you detach from the cost, you must not turn back into a loss. If there is profit, be sure to secure part of it to prevent waste. In summary: be bold when there’s profit, let the remaining part lose at the original price.
Today, I will share nine ways to make money in the cryptocurrency circle:
(Regardless of whether you are a beginner or an expert, it is recommended to take a screenshot and save it)
1. Coin hoarding method: suitable for bull and bear markets.
The coin hoarding method is the simplest yet most difficult strategy. It is simple in that after buying one or several coins, you hold them for half a year or even more without moving. Usually, the minimum return can reach tenfold. However, beginners often rush to change coins or exit due to seeing high returns or experiencing a price halving. Very few can stick to it for a month, let alone a year. Therefore, this is also a method that is extremely difficult to adhere to.
2. Bull market dip chasing method: only suitable for bull markets.
Use part of the idle money, preferably not exceeding one-fifth of the total funds. This strategy is suitable for coins with a market cap between 20 and 100, as this will not get stuck for too long. For example, if you bought the first altcoin, when it rises by 50% or more, you can switch to the next plummeting coin, and so on. If the first altcoin gets stuck, just keep waiting; it will definitely recover in a bull market. The premise is that the coin must not be too poor; this type of play is actually difficult to control, so beginners should be cautious.
3. Hourglass vehicle swapping method: suitable for bull markets.
In a bull market, almost all coins will rise, and funds gradually flow into each coin like a giant hourglass, progressing from small to large in order. The price rise usually starts from the leading coins like BTC, ETH, DASH, and ETC, followed by mainstream coins like LTC, XMR, BNB, NEO, DOGE, and SHIB. Next, coins that have not risen generally increase, such as RDN, XRP, ZEC, etc., and finally, various small coins take turns to rise. If Bitcoin has already risen, it is recommended to choose the next level of coins that have not yet started to build positions.
4. Pyramid bottom-buying method: suitable for predicting a massive crash.
Bottom buying method: buy one-tenth of your position at 80% of the coin price, one-fifth at 70%, one-third at 60%, and half at 50%.
5. Moving average method: You need to understand some basic candlestick patterns.
Set the indicator parameters to MA5, MA10, MA20, MA30, and MA60, and choose the daily line level. If the current price is above MA5 and MA10, hold it steady. If MA5 breaks below MA10, sell the position. If MA5 breaks above MA10, then buy to build positions.
6. Violent coin hoarding method: only do what you are familiar with, suitable only for high-quality long-term coins.
With some liquid funds, if a coin's current price is $8, place an order to buy at $7. After successfully buying, place a sell order at $8.8. Use the profit to hoard coins. The liquid funds will continue to wait for the next opportunity, adjusting dynamically according to the current price. If there are three such opportunities in a month, you can accumulate quite a few coins. The formula is: entry price equals 90% of the current price, and sell price equals 110% of the current price.
7. ICO violent compound interest method: The core is to frequently participate in various small currency markets. Specifically, when you find that the value of a new coin has skyrocketed three to five times in a short time, you can withdraw the initial invested amount and invest in another promising small currency market. Meanwhile, the extra gains you obtained earlier can stay put to continue enjoying the appreciation. Through this method, investors can achieve rapid turnover and accumulation of funds, thereby gaining more substantial returns in the digital currency field.
8. Cyclical band method: The cyclical band method is an investment strategy particularly suitable for non-mainstream cryptocurrencies like ETC. When the coin price continues to fall, investors can gradually increase their positions; when the price falls further, they can add more. Once the market rebounds and the price rises to realize profits, they can gradually sell the coins in hand. Through this method, investors can continuously profit from price fluctuations, forming a cyclical process. This method requires investors to have strong market judgment and risk control awareness, and to patiently wait for the best buying and selling opportunities.
9. Small coin violent play: If you have 10,000 RMB, divide it into ten parts, purchasing ten different types of low-priced coins, each ideally priced under 3 RMB. After buying, do not pay attention to it anymore, and do not trade frequently.
Market fluctuations and the diversity of coins will lead to different gameplay. Play according to market changes; it is inevitable that one person will have omissions when fighting alone. Joining our family allows us to share some views and trading ideas with each other.
Strong recovery, assets double! Follow Brother Jie closely, layout in advance, and easily reap large profits.